Trends & Issues-III


Transforming to a Data-Driven Procurement Function

The future of the procurement function is in data extraction and analytics that inform decision-making for the present and long-term planning. Moving in this direction is a journey that builds on legacy systems.-Deborah Jenkins

As the procurement function evolves, analytics plays an increasingly important role in their success. By leveraging data-driven insights, organizations can make more informed decisions, streamline processes, and improve overall efficiency. Procurement should analyze structured and unstructured data throughout the procurement and supply chain processes to maximize efficiency and profitability. By leveraging improved analytics, businesses can ....